LHYAX | High Yield Fund Class A | Lord Abbett
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High Yield Fund

Daily price w/o sales charge as of 04/22/2021

$7.49

$0.00

YTD Returns w/o sales charge as of 04/22/2021

2.44%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.
 

A HERITAGE OF HIGH YIELD

Brings a 40+ year history of high-yield investing, focused on fundamental, bottom-up credit research.

AN OPPORTUNISTIC APPROACH

Provides the flexibility to adjust to the market environment and take advantage of opportunities across the credit spectrum.

STRONG TRACK RECORD

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core high-yield holding over a full market cycle.

 

Yield

Dividend Yield 1 as of 04/22/2021  

w/o sales charge 4.68%
w/ sales charge 4.58%

30-Day Standardized Yield 2 as of 03/31/2021  

3.58%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Expense Ratioas of 03/31/2021

Fund Basicsas of 03/31/2021

Total Net Assets
$8.56 B
Inception Date
12/31/1998
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
765
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 1.73% 27.52% 5.45% 7.41% 6.47% 6.73%
Lipper Category Avg. High Yield Funds 1.11% 22.34% 5.82% 6.86% 5.37% -
ICE BofA U.S. High Yield Constrained Index 0.91% 23.22% 6.50% 7.92% 6.30% 6.78%
w/ sales charge -0.55% 24.68% 4.67% 6.92% 6.23% 6.62%

Fund Expense Ratio :

0.90%

Fund Expense Ratio :

0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 1.73% 27.52% 5.45% 7.41% 6.47% 6.73%
Lipper Category Avg. High Yield Funds 1.11% 22.34% 5.82% 6.86% 5.37% -
ICE BofA U.S. High Yield Constrained Index 0.91% 23.22% 6.50% 7.92% 6.30% 6.78%
w/ sales charge -0.55% 24.68% 4.67% 6.92% 6.23% 6.62%

Fund Expense Ratio :

0.90%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

RELATED CONTENT

Uncovering Opportunity in a Rebounding U.S. High Yield Market
June 11, 2020

With the broad financial market recovery since late March, U.S. high yield is no longer as dislocated, but the rationale for a strategic allocation to the asset class remains intact in our view.

“Fallen Angels” Gain a Rising Profile in High Yield
June 1, 2020

Bonds downgraded from investment grade to speculative grade historically have outperformed other areas of high yield—but we believe a selective approach to these securities is crucial.

Weighing the Broader Impact of Crude Oil Price Volatility
April 24, 2020

Here, we assess the potential implications for key asset classes of the dramatic plunge in the price of May 2020 West Texas Intermediate crude oil.

Type Assets
High Yield Bonds
Bank Loans
Equity
Investment Grade Bonds
Convertibles
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 03/31/2021 View Portfolio

Rating Assets
A
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Associate Portfolio Manager

8 Years of Industry Experience

Supported By 64 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 04/22/2021  

w/o sales charge 4.68%
w/ sales charge 4.58%

30-Day Standardized Yield 2 as of 03/31/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.58% 3.58%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 1.73% 27.52% 5.45% 7.41% 6.47% 6.73%
Lipper Category Avg. High Yield Funds 1.11% 22.34% 5.82% 6.86% 5.37% -
ICE BofA U.S. High Yield Constrained Index 0.91% 23.22% 6.50% 7.92% 6.30% 6.78%
w/ sales charge -0.55% 24.68% 4.67% 6.92% 6.23% 6.62%

Fund Expense Ratio :

0.90%

Fund Expense Ratio :

0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 1.73% 27.52% 5.45% 7.41% 6.47% 6.73%
Lipper Category Avg. High Yield Funds 1.11% 22.34% 5.82% 6.86% 5.37% -
ICE BofA U.S. High Yield Constrained Index 0.91% 23.22% 6.50% 7.92% 6.30% 6.78%
w/ sales charge -0.55% 24.68% 4.67% 6.92% 6.23% 6.62%

Fund Expense Ratio :

0.90%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Year Fund Returns ICE BofA U.S. High Yield Constrained Index
2020 4.49% 6.07%
2019 15.07% 14.41%
2018 -5.15% -2.27%
2017 8.50% 7.48%
2016 15.84% 17.49%
2015 -2.26% -4.61%
2014 3.46% 2.51%
2013 9.69% 7.41%
2012 16.50% 15.55%
2011 3.15% 4.37%
2010 14.31% -
2009 50.51% -
2008 -23.42% -
2007 2.43% -
2006 9.94% -
2005 1.15% -
2004 10.42% -
2003 21.59% -
2002 -0.10% -
2001 5.36% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 1.73% - - - 2.44%
2020 -16.65% 10.72% 5.69% 7.13% 4.49%
2019 7.50% 3.77% 0.28% 2.86% 15.07%
2018 -1.07% -0.04% 2.54% -6.47% -5.15%
2017 2.82% 1.98% 2.45% 1.00% 8.50%
2016 2.01% 5.52% 5.46% 2.05% 15.84%
2015 3.05% 0.86% -4.23% -1.81% -2.26%
2014 2.92% 3.38% -1.83% -0.95% 3.46%
2013 3.97% -1.03% 2.51% 3.99% 9.69%
2012 6.63% 0.36% 5.06% 3.61% 16.50%
2011 3.82% 1.07% -7.02% 5.73% 3.15%
2010 4.93% -0.92% 6.33% 3.40% 14.31%
2009 5.95% 17.32% 14.23% 6.01% 50.51%
2008 -3.43% 1.99% -7.81% -15.68% -23.42%
2007 2.98% 0.17% 0.48% -1.17% 2.43%
2006 2.57% 0.01% 2.80% 4.27% 9.94%
2005 -1.74% 1.49% 0.87% 0.56% 1.15%
2004 1.07% -0.32% 4.34% 5.04% 10.42%
2003 4.06% 8.25% 2.40% 5.41% 21.59%
2002 1.51% -3.59% -3.78% 6.10% -0.10%
2001 5.14% -1.67% -3.99% 6.15% 5.36%
2000 -1.66% 0.99% 0.31% -2.65% -3.01%
1999 3.43% -0.11% -0.81% 3.99% 6.57%
1998 - - - - 0.80%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 03/31/2021

The chart begins on the Fund's inception date of 12/31/1998.

Based on a hypothetical Class A share investment of $10,000 on 12/31/1998 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Bonds
Bank Loans
Equity
Investment Grade Bonds
Convertibles
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 03/31/2021

Rating Assets
A
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 12/31/2020

  • One of the Fund’s largest overweight is in the leisure sector, which is largely driven by the Fund’s allocation to regional gaming credits, such as casinos. In our view, the gaming industry has benefitted from strong operating improvements due to drastic cost-cutting including reduced promotional spend, as well as pent-up demand. Our focus on regional gaming has also benefitted from an emphasis on operators who are less reliant on ‘fly-in’ customers and workweek business conferences, both of which are a larger part of the industry in international gaming centers such as Las Vegas. As gaming continued to recover, we began to pivot toward hotel and travel companies. We added to cruise lines, travel agencies, and other travel-related names, including airline operators that we believe are going above and beyond to increase revenue and passenger yields.
  • We continue to have a broadly constructive view on high yield credit even while acknowledging that today’s valuations are far less dislocated than they were for much of 2020. Management teams have broadly positioned balance sheets to weather any residual economic softness near term through an active new issue market in 2020 while also working to preserve margins.  For 2021, we believe outperformance will more likely be driven by sleeves of opportunity within high yield as opposed to broad market moves.  We continue to see upside in fallen angels, many of which we believe will regain investment grade status over the coming year or two. Further, while the pandemic has accelerated the secular struggles of segments of the economy, it has produced structural changes with new beneficiaries.

Portfolio Details as of 03/31/2021

Total Net Assets
$8.56 B
Number of Issues
765
Average Coupon
5.76%
Average Maturity
7.08 Years
Average Effective Duration
3.95 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
Sprint Capital Corp 6.875% 11/15/2028 1.3%
Ford Motor Co 9.000% 04/22/2025 1.0%
CCO Holdings LLC / CCO Holdings Capital Corp 4.750% 03/01/2030 0.7%
TransDigm Inc 5.500% 11/15/2027 0.6%
CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 05/01/2027 0.6%
Occidental Petroleum Corp 6.125% 01/01/2031 0.6%
Netflix Inc 4.625% 05/15/2029 0.5%
Kraft Heinz Foods Co 4.375% 06/01/2046 0.5%
Kraft Heinz Foods Co 4.875% 10/01/2049 0.5%
Western Midstream Operating LP 5.300% 02/01/2030 0.5%
% of Total Assets 6.8%
Holding Coupon Maturity Assets
Sprint Capital Corp6.875% 11/15/20281.4%
Ford Motor Co9.000% 04/22/20251.0%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.7%
TransDigm Inc5.500% 11/15/20270.6%
CCO Holdings LLC / CCO Holdings Capital Corp5.125% 05/01/20270.6%
Kraft Heinz Foods Co4.375% 06/01/20460.6%
Netflix Inc4.625% 05/15/20290.6%
Kraft Heinz Foods Co4.875% 10/01/20490.5%
Western Midstream Operating LP5.300% 02/01/20300.5%
HCA Inc5.875% 02/01/20290.5%
Occidental Petroleum Corp6.125% 01/01/20310.5%
MEG Energy Corp7.125% 02/01/20270.5%
United Rentals North America Inc4.875% 01/15/20280.4%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.4%
CF Industries Inc5.150% 03/15/20340.4%
Virgin Media Secured Finance plc5.500% 05/15/20290.4%
Netflix Inc3.625% 05/15/20270.4%
NRG Energy Inc5.750% 01/15/20280.4%
Kraft Heinz Foods Co5.000% 06/04/20420.4%
Nexstar Broadcasting Inc5.625% 07/15/20270.4%
GrubHub Holdings Inc5.500% 07/01/20270.4%
CSC Holdings LLC5.500% 04/15/20270.4%
Centene Corp4.625% 12/15/20290.4%
Matador Resources Co5.875% 09/15/20260.4%
Freeport-McMoRan Inc4.250% 03/01/20300.4%
Netflix Inc4.875% 06/15/20300.4%
Ford Motor Co4.750% 01/15/20430.4%
DISH DBS Corp7.750% 07/01/20260.4%
Select Medical Corp6.250% 08/15/20260.4%
OneMain Finance Corp6.125% 03/15/20240.3%
Freeport-McMoRan Inc4.125% 03/01/20280.3%
Netflix Inc4.875% 04/15/20280.3%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &6.000% 08/01/20260.3%
Newell Brands Inc5.875% 04/01/20360.3%
EQT Corp7.625% 02/01/20250.3%
Centennial Resource Production LLC5.375% 01/15/20260.3%
L Brands Inc6.625% 10/01/20300.3%
Navient Corp6.750% 06/25/20250.3%
Tenet Healthcare Corp6.250% 02/01/20270.3%
CIT Group Inc6.125% 03/09/20280.3%
Murphy Oil Corp5.875% 12/01/20270.3%
Horizon Therapeutics USA Inc5.500% 08/01/20270.3%
American Airlines Inc11.750% 07/15/20250.3%
Navient Corp6.125% 03/25/20240.3%
Freeport-McMoRan Inc5.250% 09/01/20290.3%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20250.3%
FAGE International SA / FAGE USA Dairy Industry In5.625% 08/15/20260.3%
Caesars Entertainment Inc8.125% 07/01/20270.3%
Carnival Corp11.500% 04/01/20230.3%
Continental Resources Inc/OK5.750% 01/15/20310.3%
Mclaren Finance PLC5.000% 08/01/20220.3%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.3%
Apache Corp4.750% 04/15/20430.3%
Centene Corp3.375% 02/15/20300.3%
ESH Hospitality Inc4.625% 10/01/20270.3%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.3%
Apache Corp4.375% 10/15/20280.3%
Synovus Financial Corp5.900% 02/07/20290.3%
Ford Motor Co7.450% 07/16/20310.3%
Tenet Healthcare Corp6.125% 10/01/20280.3%
SM Energy Co6.750% 09/15/20260.3%
Northriver Midstream Finance LP5.625% 02/15/20260.3%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.3%
Ziggo BV5.500% 01/15/20270.3%
Signature Aviation US Holdings Inc4.000% 03/01/20280.3%
NextEra Energy Operating Partners LP4.500% 09/15/20270.3%
OneMain Finance Corp4.000% 09/15/20300.3%
TerraForm Power Operating LLC4.750% 01/15/20300.2%
Toll Brothers Finance Corp4.350% 02/15/20280.2%
Mileage Plus Holdings LLC / Mileage Plus Intellect6.500% 06/20/20270.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.2%
Hadrian Merger Sub Inc8.500% 05/01/20260.2%
Hilton Domestic Operating Co Inc4.875% 01/15/20300.2%
DaVita Inc3.750% 02/15/20310.2%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.2%
LogMeIn Inc5.500% 09/01/20270.2%
Murphy Oil USA Inc4.750% 09/15/20290.2%
HCA Inc5.500% 06/15/20470.2%
Viper Energy Partners LP5.375% 11/01/20270.2%
Ball Corp2.875% 08/15/20300.2%
Radiology Partners Inc9.250% 02/01/20280.2%
Rite Aid Corp8.000% 11/15/20260.2%
Great Wolf Trust 2019-WOLF2.844% 12/15/20360.2%
Ulker Biskuvi Sanayi AS6.950% 10/30/20250.2%
Boyd Gaming Corp4.750% 12/01/20270.2%
Match Group Holdings II LLC4.125% 08/01/20300.2%
Pattern Energy Operations LP / Pattern Energy Oper4.500% 08/15/20280.2%
L Brands Inc6.875% 11/01/20350.2%
Churchill Downs Inc4.750% 01/15/20280.2%
Global Medical Response Inc6.500% 10/01/20250.2%
Fair Isaac Corp4.000% 06/15/20280.2%
Tri Pointe Homes Inc5.250% 06/01/20270.2%
Laredo Petroleum Inc10.125% 01/15/20280.2%
XPO CNW Inc6.700% 05/01/20340.2%
MGM Resorts International4.625% 09/01/20260.2%
Sensata Technologies BV5.625% 11/01/20240.2%
Sealed Air Corp6.875% 07/15/20330.2%
Gray Television Inc7.000% 05/15/20270.2%
Drive Chassis Holdco LLC8.484% 04/10/20260.2%
Encompass Health Corp4.500% 02/01/20280.2%
Block Communications Inc4.875% 03/01/20280.2%
Cenovus Energy Inc5.400% 06/15/20470.2%
Precision Drilling Corp7.125% 01/15/20260.2%
Buckeye Partners LP3.950% 12/01/20260.2%
New Fortress Energy Inc6.750% 09/15/20250.2%
CSC Holdings LLC5.750% 01/15/20300.2%
Forterra Finance LLC / FRTA Finance Corp6.500% 07/15/20250.2%
Callon Petroleum Co9.000% 04/01/20250.2%
Ccs-Cmgc Holdings Inc5.615% 10/01/20250.2%
Vmed O2 UK Financing I PLC4.250% 01/31/20310.2%
Southwestern Energy Co8.375% 09/15/20280.2%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.2%
Park Intermediate Holdings LLC / PK Domestic Prope5.875% 10/01/20280.2%
Hertz Corp/The6.000% 01/15/20280.2%
Crowdstrike Holdings Inc3.000% 02/15/20290.2%
Delta Air Lines Inc7.000% 05/01/20250.2%
Shift4 Payments LLC / Shift4 Payments Finance Sub4.625% 11/01/20260.2%
Warrior Met Coal Inc8.000% 11/01/20240.2%
Illuminate Buyer LLC / Illuminate Holdings IV Inc9.000% 07/01/20280.2%
Travel + Leisure Co6.625% 07/31/20260.2%
Molina Healthcare Inc3.875% 11/15/20300.2%
CommScope Inc7.125% 07/01/20280.2%
Switch Ltd3.750% 09/15/20280.2%
Bally's Corp6.750% 06/01/20270.2%
Shake Shack Inc0.000% -0.2%
Buena Vista Gaming Authority13.000% 04/01/20230.2%
BY Crown Parent LLC / BY Bond Finance Inc4.250% 01/31/20260.2%
DPL Inc4.125% 07/01/20250.2%
Netflix Inc3.625% 06/15/20300.2%
Wynn Macau Ltd5.125% 12/15/20290.2%
Tenneco Inc5.000% 07/15/20260.2%
Oceaneering International Inc6.000% 02/01/20280.2%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.5.875% 05/15/20250.2%
JBS USA LUX SA / JBS USA Finance Inc6.750% 02/15/20280.2%
Hecla Mining Co7.250% 02/15/20280.2%
Royal Caribbean Cruises Ltd3.700% 03/15/20280.2%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.2%
Legacy LifePoint Health LLC4.375% 02/15/20270.2%
Transocean Guardian Ltd5.875% 01/15/20240.2%
Stevens Holding Co Inc6.125% 10/01/20260.2%
Life Time Inc5.750% 01/15/20260.2%
Qorvo Inc4.375% 10/15/20290.2%
Forestar Group Inc5.000% 03/01/20280.2%
Adient US LLC7.000% 05/15/20260.2%
TripAdvisor Inc0.000% -0.2%
Apache Corp5.100% 09/01/20400.2%
OneMain Finance Corp5.375% 11/15/20290.2%
Tianqi Finco Co Ltd3.750% 11/28/20220.2%
Yum! Brands Inc5.350% 11/01/20430.2%
HCA Inc8.360% 04/15/20240.2%
Garda World Security Corp4.625% 02/15/20270.2%
Mohegan Gaming & Entertainment8.000% 02/01/20260.2%
Occidental Petroleum Corp6.450% 09/15/20360.2%
TransDigm Inc6.250% 03/15/20260.2%
Airbnb Inc0.000% -0.2%
Antero Midstream Partners LP / Antero Midstream Fi7.875% 05/15/20260.2%
Alliance Data Systems Corp4.750% 12/15/20240.2%
Pike Corp5.500% 09/01/20280.2%
CrownRock LP / CrownRock Finance Inc5.625% 10/15/20250.2%
Intertape Polymer Group Inc7.000% 10/15/20260.2%
Scientific Games International, Inc.7.250% 11/15/20290.2%
Oceaneering International Inc4.650% 11/15/20240.2%
Buckeye Partners LP6.375% 01/22/20780.2%
Carnival Corp9.875% 08/01/20270.2%
Akumin Inc7.000% 11/01/20250.2%
PDC Energy Inc5.750% 05/15/20260.2%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.2%
Range Resources Corp4.875% 05/15/20250.2%
American Axle & Manufacturing Inc6.875% 07/01/20280.2%
MEG Energy Corp5.875% 02/01/20290.2%
Delta Air Lines Inc / SkyMiles IP Ltd4.750% 10/20/20280.2%
American Airlines Group Inc3.750% 03/01/20250.2%
Cleveland-Cliffs Inc5.875% 06/01/20270.2%
Topgolf International, Inc.7.379% 02/09/20260.2%
Endeavor Energy Resources LP / EER Finance Inc5.750% 01/30/20280.2%
Ashland LLC6.875% 05/15/20430.2%
Tenet Healthcare Corp6.750% 06/15/20230.2%
Nationstar Mortgage Holdings Inc5.500% 08/15/20280.2%
Popular Inc6.125% 09/14/20230.2%
Tapestry Inc4.125% 07/15/20270.2%
Ovintiv Inc6.500% 08/15/20340.2%
Apache Corp4.625% 11/15/20250.2%
Affinity Gaming6.875% 12/15/20270.2%
Rite Aid Corp7.500% 07/01/20250.2%
Veritas US Inc / Veritas Bermuda Ltd10.500% 02/01/20240.2%
Snap Inc0.750% 08/01/20260.2%
Comstock Resources Inc7.500% 05/15/20250.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
NEP/NCP Holdco Inc3.365% 10/05/20250.2%
Turkiye Vakiflar Bankasi Tao6.500% 01/08/20260.2%
Sabre GLBL Inc7.375% 09/01/20250.2%
Centennial Resource Production LLC6.875% 04/01/20270.2%
Melco Resorts Finance Ltd5.750% 07/21/20280.2%
Royal Caribbean Cruises Ltd9.125% 06/15/20230.2%
eDreams ODIGEO SA5.500% 09/01/20230.2%
Belo Corp7.250% 09/15/20270.2%
Goodyear Tire & Rubber Co/The4.875% 03/15/20270.2%
Optiv Sec, Inc.4.931% 02/01/20240.2%
Catalent Pharma Solutions Inc5.000% 07/15/20270.2%
Vertical US Newco Inc5.250% 07/15/20270.2%
ASP Unifrax Holdings Inc4.004% 11/05/20250.2%
American Airlines Group Inc5.000% 06/01/20220.2%
First Quantum Minerals Ltd6.875% 10/15/20270.2%
Anastasia Beverly Hills4.004% 08/11/20250.2%
Hawaiian Brand Intellectual Property Ltd / Hawaiia5.750% 01/20/20260.2%
TransJamaican Highway Ltd5.750% 10/10/20360.2%
William Carter Co/The5.625% 03/15/20270.2%
Northwest Fiber LLC / Northwest Fiber Finance Sub10.750% 06/01/20280.2%
Avaya Inc6.125% 09/15/20280.2%
EW Scripps Co/The5.125% 05/15/20250.2%
California Resources Corp7.125% 02/01/20260.2%
Chemours Co/The5.375% 05/15/20270.2%
Core & Main Holdings LP8.625% 09/15/20240.1%
Southwest Airlines Co1.250% 05/01/20250.1%
Vivion Investments Sarl3.000% 08/08/20240.1%
RealReal Inc/The3.000% 06/15/20250.1%
Compass Minerals International, Inc.6.750% 12/01/20270.1%
Canada Goose Holdings Inc0.000% -0.1%
Guitar Center Inc8.500% 01/15/20260.1%
Travel Leaders Group, LLC4.115% 01/25/20240.1%
HAT Holdings I LLC / HAT Holdings II LLC3.750% 09/15/20300.1%
IHO Verwaltungs GmbH4.750% 09/15/20260.1%
EQT Corp8.500% 02/01/20300.1%
Patrick Industries Inc7.500% 10/15/20270.1%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.1%
Royal Caribbean Cruises Ltd11.500% 06/01/20250.1%
Nabors Industries Ltd7.250% 01/15/20260.1%
Air Lease Corp4.650% 12/15/21990.1%
Griffon Corp5.750% 03/01/20280.1%
KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of4.750% 06/01/20270.1%
H&E Equipment Services Inc3.875% 12/15/20280.1%
Sabre GLBL Inc9.250% 04/15/20250.1%
Match Group Holdings II LLC5.000% 12/15/20270.1%
Western Digital Corp4.750% 02/15/20260.1%
Lithia Motors Inc4.625% 12/15/20270.1%
HCA Inc7.500% 12/15/20230.1%
Coeur Mining Inc5.125% 02/15/20290.1%
Sotheby's7.375% 10/15/20270.1%
Enterprise Develop Auth0.000% 02/19/20280.1%
VistaJet Malta Finance PLC / XO Management Holding10.500% 06/01/20240.1%
Amsted Industries Inc4.625% 05/15/20300.1%
Zayo Group Holdings Inc6.125% 03/01/20280.1%
Patterson-UTI Energy Inc3.950% 02/01/20280.1%
Pathway Vet Alliance LLC3.865% 03/31/20270.1%
Credit Suisse Group AG7.250% 03/12/21990.1%
Clark Equipment Co5.875% 06/01/20250.1%
Pinnacle Bidco PLC6.375% 02/15/20250.1%
Quicken Loans LLC5.250% 01/15/20280.1%
Clarios Global LP / Clarios US Finance Co4.375% 05/15/20260.1%
Mong Duong Finance Holdings BV5.125% 05/07/20290.1%
Watco Cos LLC / Watco Finance Corp6.500% 06/15/20270.1%
Altice France Holding SA10.500% 05/15/20270.1%
Ovintiv Inc6.500% 02/01/20380.1%
Ardonagh Midco 2 PLC11.500% 01/15/20270.1%
AG Issuer LLC6.250% 03/01/20280.1%
United States Steel Corp6.875% 03/01/20290.1%
JP Morgan Chase Commercial Mortgage Securities Tru3.970% 03/15/20360.1%
Bacardi Ltd5.300% 05/15/20480.1%
Go Daddy Operating Co LLC / GD Finance Co Inc5.250% 12/01/20270.1%
Triumph Group Inc7.750% 08/15/20250.1%
US Renal Care Inc10.625% 07/15/20270.1%
Netflix Inc3.875% 11/15/20290.1%
Lithia Motors Inc4.375% 01/15/20310.1%
Science Applications International Corp4.875% 04/01/20280.1%
Texas Capital Bank NA5.250% 01/31/20260.1%
Nexa Resources SA5.375% 05/04/20270.1%
Frontier Communications Corp5.000% 05/01/20280.1%
Diamondback Energy Inc3.500% 12/01/20290.1%
General Electric Co3.520% 06/15/21990.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 02/15/20280.1%
ON Semiconductor Corp3.875% 09/01/20280.1%
Allied Universal Holdco LLC / Allied Universal Fin9.750% 07/15/20270.1%
Fair Isaac Corp5.250% 05/15/20260.1%
SRM Escrow Issuer LLC6.000% 11/01/20280.1%
Navient Corp6.750% 06/15/20260.1%
Ladder Capital Finance Holdings LLC/Ladder Capital4.250% 02/01/20270.1%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.1%
Freeport-McMoRan Inc5.450% 03/15/20430.1%
MasTec Inc4.500% 08/15/20280.1%
Associated Asphalt Partners, LLC6.911% 04/05/20240.1%
Indigo Natural Resources LLC5.375% 02/01/20290.1%
Bahamas Government International Bond8.950% 10/15/20320.1%
Kuehg Corp4.750% 02/14/20250.1%
Petco Health & Wellness0.000% 02/25/20280.1%
Frontier Communications Corp5.875% 10/15/20270.1%
Occidental Petroleum Corp3.500% 08/15/20290.1%
Southwestern Energy Co6.450% 01/23/20250.1%
Vail Resorts Inc6.250% 05/15/20250.1%
Sunshine Finance Merger5.000% 12/16/20270.1%
Pactiv LLC7.950% 12/15/20250.1%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.1%
PetVet Care Centers, LLC2.865% 02/14/20250.1%
Clear Channel Outdoor Holdings Inc7.750% 04/15/20280.1%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.1%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.1%
MGM Resorts International5.500% 04/15/20270.1%
PRA Group Inc7.375% 09/01/20250.1%
Beazer Homes USA Inc7.250% 10/15/20290.1%
Radiate Holdco LLC / Radiate Finance Inc6.500% 09/15/20280.1%
PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.1%
Turning Point Brands Inc5.625% 02/15/20260.1%
Melissa & Doug5.435% 06/19/20240.1%
Hudbay Minerals Inc6.125% 04/01/20290.1%
Mattel Inc5.450% 11/01/20410.1%
Arcor SAIC6.000% 07/06/20230.1%
Hudbay Minerals Inc4.500% 04/01/20260.1%
Builders FirstSource Inc5.000% 03/01/20300.1%
BCP Raptor II LLC4.865% 10/22/20250.1%
Chobani LLC / Chobani Finance Corp Inc4.625% 11/15/20280.1%
MSCI Inc3.875% 02/15/20310.1%
Specialty Building Products Holdings LLC / SBP Fin6.375% 09/30/20260.1%
Oceaneering International Inc0.000% -0.1%
Uber Technologies Inc6.250% 01/15/20280.1%
Party City Holdings Inc6.625% 08/01/20260.1%
Despegar.com Corp0.000% -0.1%
BEP Ulterra Holdings Inc.5.365% 11/26/20250.1%
Garrett LX I Sarl / Garrett Borrowing LLC5.125% 10/15/20260.1%
CDW LLC / CDW Finance Corp4.125% 05/01/20250.1%
TC Ziraat Bankasi AS5.375% 03/02/20260.1%
Claros Mortgage Trust Inc.6.000% 08/05/20260.1%
Delta Air Lines Inc / SkyMiles IP Ltd4.500% 10/20/20250.1%
United Group BV3.625% 02/15/20280.1%
Sonos Inc0.000% -0.1%
Contura Energy Inc9.000% 06/14/20240.1%
Vista Outdoor Inc4.500% 03/15/20290.1%
Rent-A-Center Inc/TX6.375% 02/15/20290.1%
Equinox Holdings Inc.4.947% 03/08/20240.1%
Jaguar Land Rover Automotive plc5.875% 01/15/20280.1%
Macquarie Bank Ltd/London6.125% 09/08/21990.1%
Surgery Center Holdings Inc10.000% 04/15/20270.1%
United States Steel Corp6.650% 06/01/20370.1%
Calpine Corp4.500% 02/15/20280.1%
Ingevity Corp4.500% 02/01/20260.1%
Gap Inc/The8.625% 05/15/20250.1%
CDW LLC / CDW Finance Corp5.500% 12/01/20240.1%
Madison Square Garden Entertainment Corp0.000% -0.1%
Brazos Delaware II, LLC4.111% 05/21/20250.1%
Buckeye Partners LP4.125% 12/01/20270.1%
SM Energy Co6.125% 11/15/20220.1%
KB Home4.800% 11/15/20290.1%
AMC Networks Inc4.750% 08/01/20250.1%
MPT Operating Partnership LP / MPT Finance Corp5.000% 10/15/20270.1%
Compass Minerals International, Inc.4.875% 07/15/20240.1%
LHC3 PLC4.125% 08/15/20240.1%
William Carter Co/The5.500% 05/15/20250.1%
Jerrold Finco PLC5.250% 01/15/20270.1%
American Airlines Group Inc6.500% 07/01/20250.1%
Teladoc Health Inc1.250% 06/01/20270.1%
WD-40 Co0.000% -0.1%
Presidio Holdings Inc8.250% 02/01/20280.1%
Summit Materials LLC / Summit Materials Finance Co6.500% 03/15/20270.1%
Acadia Healthcare Co Inc5.000% 04/15/20290.1%
Carvana Co5.625% 10/01/20250.1%
Playa Resorts Holding B.V.3.750% 04/29/20240.1%
Alcoa Nederland Holding BV5.500% 12/15/20270.1%
Calpine Corp3.750% 03/01/20310.1%
Clearway Energy Operating LLC4.750% 03/15/20280.1%
EnerSys4.375% 12/15/20270.1%
Element Solutions Inc3.875% 09/01/20280.1%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.1%
Antero Resources Corp7.625% 02/01/20290.1%
Penske Automotive Group Inc3.500% 09/01/20250.1%
PTC Inc4.000% 02/15/20280.1%
AMC Entertainment Holdings4.500% 03/20/20260.1%
Goosehead Insurance Inc0.000% -0.1%
United Airlines 2020-1 Class A Pass Through Trust5.875% 10/15/20270.1%
Nordstrom Inc4.375% 04/01/20300.1%
British Airways 2020-1 Class A Pass Through Trust4.250% 11/15/20320.1%
Murphy Oil USA Inc5.625% 05/01/20270.1%
Rede D'or Finance Sarl4.950% 01/17/20280.1%
Pan American Silver Corp0.000% -0.1%
Air Methods Corp8.000% 05/15/20250.1%
Turning Point Brands Inc0.000% -0.1%
Uber Technologies Inc7.500% 09/15/20270.1%
ATS Automation Tooling Systems, Inc.4.125% 12/15/20280.1%
Park-Ohio Industries Inc6.625% 04/15/20270.1%
Vertical Midco GmbH4.375% 07/15/20270.1%
LBM Acquisition LLC6.250% 01/15/20290.1%
CCM Merger Inc6.375% 05/01/20260.1%
Advisor Group Holdings Inc10.750% 08/01/20270.1%
EPR Properties4.500% 04/01/20250.1%
Wendy's International LLC7.000% 12/15/20250.1%
Kosmos Energy Ltd7.500% 03/01/20280.1%
Real Hero Merger Sub 2 Inc6.250% 02/01/20290.1%
Badger Meter Inc0.000% -0.1%
USA Compression Partners LP / USA Compression Fina6.875% 09/01/20270.1%
Castle US Holding Corp9.500% 02/15/20280.1%
Robertshaw US Holding Corp. (fka Fox US Bidco Corp5.189% 02/28/20250.1%
Coty Inc6.500% 04/15/20260.1%
Installed Building Products Inc5.750% 02/01/20280.1%
ModivCare Inc5.875% 11/15/20250.1%
Midas Intermediate Holdco II, LLC7.500% 12/16/20250.1%
Spring Education Group, Inc.4.504% 07/30/20250.1%
Charles River Laboratories International, Inc.4.250% 05/01/20280.1%
Tanger Properties LP3.875% 07/15/20270.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub6.000% 02/15/20280.1%
Wolverine Escrow LLC8.500% 11/15/20240.1%
Diamondback Energy Inc0.000% -0.1%
EQT Corp5.000% 01/15/20290.1%
Cyxtera DC Holdings, Inc. (fka Colorado Buyer Inc.)0.000% 05/01/20240.1%
Amsted Industries Inc5.625% 07/01/20270.1%
Okta Inc0.375% 06/15/20260.1%
Comstock Resources Inc6.750% 03/01/20290.1%
Yapi ve Kredi Bankasi AS7.875% 01/22/20310.1%
Range Resources Corp5.000% 03/15/20230.1%
Caesars Resort Collection LLC / CRC Finco Inc5.250% 10/15/20250.1%
Univar Solutions USA Inc/Washington5.125% 12/01/20270.1%
Kaiser Aluminum Corp4.625% 03/01/20280.1%
Ford Motor Co9.625% 04/22/20300.1%
Maxeda DIY Holding BV5.875% 10/01/20260.1%
Chemours Co/The5.750% 11/15/20280.1%
Entercom Media Corp6.500% 05/01/20270.1%
Twitter Inc0.250% 06/15/20240.1%
Zillow Group Inc0.750% 09/01/20240.1%
Sunac China Holdings Ltd7.000% 07/09/20250.1%
Valmont Industries Inc0.000% -0.1%
White Cap Buyer LLC6.875% 10/15/20280.1%
Miller's Ale House, Inc.4.868% 05/30/20250.1%
Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.1%
Endo Dac / Endo Finance LLC / Endo Finco Inc6.000% 06/30/20280.1%
Inter Media and Communication SpA4.875% 12/31/20220.1%
Howard Hughes Corp/The5.375% 08/01/20280.1%
Peak 10 Holding Corporation3.754% 08/01/20240.1%
Promontoria Holding 264 BV6.750% 08/15/20230.1%
TechnipFMC PLC6.500% 02/01/20260.1%
Levi Strauss & Co3.500% 03/01/20310.1%
Star Energy Geothermal Darajat II / Star Energy Ge4.850% 10/14/20380.1%
SEG Holding LLC / SEG Finance Corp5.625% 10/15/20280.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
Carnival Corp5.750% 03/01/20270.1%
Austin BidCo Inc7.125% 12/15/20280.1%
Jaguar Land Rover Automotive plc4.500% 10/01/20270.1%
Square Inc0.000% 05/01/20260.1%
Mattel Inc5.875% 12/15/20270.1%
Full House Resorts Inc8.250% 02/15/20280.1%
Merlin Entertainments Ltd5.750% 06/15/20260.1%
Team Health Holdings Inc6.375% 02/01/20250.1%
Shopify Inc0.125% 11/01/20250.1%
Aston Martin Capital Holdings Ltd.10.500% 11/30/20250.1%
Range Resources Corp8.250% 01/15/20290.1%
Lindsay Corp0.000% -0.1%
Dometic Group AB3.000% 05/08/20260.1%
Cinemark USA, Inc.1.870% 03/31/20250.1%
Kuehg Corp9.563% 08/15/20250.1%
CNX Resources Corp6.000% 01/15/20290.1%
Weekley Homes LLC / Weekley Finance Corp.4.875% 09/15/20280.1%
Cognex Corp0.000% -0.1%
Avis Budget Car Rental LLC / Avis Budget Finance,5.750% 07/15/20270.1%
Grab Holdings Inc5.500% 01/14/20260.1%
Century Communities Inc6.750% 06/01/20270.1%
Berry Petroleum Co LLC7.000% 02/15/20260.1%
WP CPP Holdings, LLC4.750% 04/30/20250.1%
Emergent BioSolutions Inc3.875% 08/15/20280.1%
Ford Motor Co6.625% 10/01/20280.1%
Arches Buyer Inc6.125% 12/01/20280.1%
Fresh Market Inc/The9.750% 05/01/20230.1%
FXI Holdings Inc7.875% 11/01/20240.1%
Ball Corp4.875% 03/15/20260.1%
WisdomTree Investments Inc4.250% 06/15/20230.1%
Tesla Inc2.000% 05/15/20240.1%
Ken Garff Automotive LLC4.875% 09/15/20280.1%
GrafTech Finance Inc4.625% 12/15/20280.1%
BFLD 2019-DPLO2.652% 10/15/20340.1%
Coeur Mining Inc5.875% 06/01/20240.1%
SunPower Corp4.000% 01/15/20230.1%
Talen Energy Supply LLC6.500% 06/01/20250.1%
Omnitracs, LLC8.115% 09/22/20280.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Tri Pointe Homes Inc5.700% 06/15/20280.1%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.1%
Gap Inc/The8.875% 05/15/20270.1%
ANGI Group LLC3.875% 08/15/20280.1%
Redfin Corp0.000% 10/15/20250.1%
Garda World Security Corp9.500% 11/01/20270.1%
Boyd Corporation3.615% 09/06/20250.1%
YPF Energia Electrica SA10.000% 07/25/20260.1%
NCL Corp Ltd12.250% 05/15/20240.1%
IIP Operating Partnership LP3.750% 02/21/20240.1%
Uber Technologies Inc8.000% 11/01/20260.1%
NGPL Pipeco LLC4.875% 08/15/20270.1%
Five Below Inc0.000% -0.1%
Penn National Gaming Inc5.625% 01/15/20270.1%
Hydrofarm Holdings Group Inc0.000% -0.1%
Sunrun Inc0.000% 02/01/20260.1%
Zaxby's Operating Co LP4.500% 12/09/20270.1%
Delta Topco, Inc.8.000% 10/07/20280.1%
Blue Racer Midstream LLC / Blue Racer Finance Corp7.625% 12/15/20250.1%
Cedar Fair LP5.250% 07/15/20290.1%
Helen of Troy Ltd0.000% -0.1%
Urban One Inc7.375% 02/01/20280.1%
Legends Hospitality Holding Co LLC / Legends Hospi5.000% 02/01/20260.1%
Mattamy Group Corp4.625% 03/01/20300.1%
New Home Co Inc/The7.250% 10/15/20250.1%
iHeartCommunications Inc4.750% 01/15/20280.1%
fuboTV Inc3.250% 02/15/20260.1%
B2W Digital Lux Sarl4.375% 12/20/20300.1%
Kaisa Group Holdings Ltd10.500% 01/15/20250.1%
Banff Merger Sub Inc9.750% 09/01/20260.1%
Meritor Inc4.500% 12/15/20280.1%
Sally Holdings LLC / Sally Capital, Inc.8.750% 04/30/20250.1%
Windstream Escrow LLC / Windstream Escrow Finance7.750% 08/15/20280.1%
Presidio Holdings Inc4.875% 02/01/20270.1%
Scientific Games International, Inc.8.625% 07/01/20250.1%
Fontainebleau Miami Beach Trust 2019-FBLU3.963% 12/10/20360.1%
International Game Technology plc5.250% 01/15/20290.1%
White Cap Parent LLC8.250% 03/15/20260.1%
Brookfield Residential Properties, Inc. / Brookfie4.875% 02/15/20300.1%
JetBlue Airways Corp6.250% 06/12/20240.1%
Park River Holdings Inc5.625% 02/01/20290.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
Outfront Media Capital LLC / Outfront Media Capita4.250% 01/15/20290.1%
Kornit Digital Ltd0.000% -0.1%
Canopy Growth Corp4.250% 07/15/20230.1%
Energy Acquisition LP (aka Electrical Components International)4.365% 06/26/20250.1%
Masonite International Corp5.375% 02/01/20280.1%
L Brands Inc6.875% 07/01/20250.1%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.1%
Prime Security Services Borrower LLC / Prime Finan3.375% 08/31/20270.1%
Dana Inc5.625% 06/15/20280.1%
Winnebago Industries Inc6.250% 07/15/20280.1%
Cleveland-Cliffs Inc4.875% 03/01/20310.1%
Resolute Forest Products Inc4.875% 03/01/20260.1%
Kaiser Aluminum Corp6.500% 05/01/20250.1%
Chegg Inc0.000% 09/01/20260.1%
RingCentral Inc0.000% 03/01/20250.1%
Univision Communications Inc5.125% 02/15/20250.1%
Genting New York LLC / GENNY Capital Inc3.300% 02/15/20260.1%
NCL Corp Ltd3.625% 12/15/20240.1%
Sri Lanka Government International Bond5.875% 07/25/20220.1%
Cable One Inc4.000% 11/15/20300.1%
Rattler Midstream LP5.625% 07/15/20250.1%
SVB Financial Group0.000% -0.1%
Group 1 Automotive Inc4.000% 08/15/20280.1%
Cablevision Lightpath LLC3.875% 09/15/20270.1%
PGT Innovations Inc6.750% 08/01/20260.1%
Dick's Sporting Goods Inc3.250% 04/15/20250.1%
Aptiv PLC0.000% 06/15/20230.1%
CANPACK SA / Eastern PA Land Investment Holding LL3.125% 11/01/20250.1%
Vertical Holdco GmbH7.625% 07/15/20280.1%
AMC Entertainment Holdings Inc12.000% 06/15/20260.1%
South State Corp0.000% -0.1%
Boise Cascade Co4.875% 07/01/20300.1%
Ingevity Corp3.875% 11/01/20280.1%
Taylor Morrison Communities Inc5.125% 08/01/20300.1%
Hughes Satellite Systems Corp5.250% 08/01/20260.1%
Caesars Resort Collection LLC / CRC Finco Inc5.750% 07/01/20250.1%
VTR Finance NV6.375% 07/15/20280.1%
Banijay Entertainment SASU5.375% 03/01/20250.1%
Alliant Holdings Intermediate LLC6.750% 10/15/20270.1%
Radiate Holdco LLC / Radiate Finance Inc4.500% 09/15/20260.1%
Live Nation Entertainment Inc3.750% 01/15/20280.1%
Minerals Technologies Inc5.000% 07/01/20280.1%
Playtika Holding Corp7.000% 12/03/20240.1%
Amkor Technology Inc6.625% 09/15/20270.1%
eG Global Finance PLC8.500% 10/30/20250.1%
Nouryon Holding BV8.000% 10/01/20260.1%
Gibraltar Industries Inc0.000% -0.1%
Calpine Corp4.625% 02/01/20290.1%
Central Garden & Pet Co4.125% 10/15/20300.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 04/01/20290.1%
Allison Transmission Inc3.750% 01/30/20310.1%
Transocean Proteus Ltd6.250% 12/01/20240.1%
Tms International Holding Corp7.250% 08/15/20250.1%
Hertz Corp/The5.500% 10/15/20240.1%
Calpine Corp5.000% 02/01/20310.1%
Bristow Group Inc6.875% 03/01/20280.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
1011778 BC ULC / New Red Finance, Inc.4.375% 01/15/20280.1%
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC)9.817% 09/20/20250.1%
NSG Holdings LLC / NSG Holdings, Inc.7.750% 12/15/20250.1%
Asbury Automotive Group Inc4.500% 03/01/20280.1%
Lamar Media Corp4.875% 01/15/20290.1%
Sirius XM Radio Inc5.000% 08/01/20270.1%
Targa Resources Partners LP / Targa Resources Part5.000% 01/15/20280.1%
Diamond Sports Group LLC / Diamond Sports Finance6.625% 08/15/20270.1%
Avient Corp5.750% 05/15/20250.1%
Altice France Holding SA6.000% 02/15/20280.1%
Terraform Global Operating LLC6.125% 03/01/20260.1%
Scotts Miracle-Gro Co/The4.500% 10/15/20290.1%
PetSmart Inc / PetSmart Finance Corp7.750% 02/15/20290.1%
Revlon, Inc. Class A1.700% 06/30/20250.1%
Targa Resources Partners LP / Targa Resources Part4.875% 02/01/20310.1%
PHH Mortgage Corp7.875% 03/15/20260.1%
Acadia Healthcare Co Inc5.500% 07/01/20280.1%
Sirius XM Radio Inc5.500% 07/01/20290.1%
Cleveland-Cliffs Inc4.625% 03/01/20290.1%
Freeport-McMoRan Inc4.375% 08/01/20280.1%
Ford Motor Credit Co LLC4.000% 11/13/20300.1%
TerraForm Power Operating LLC5.000% 01/31/20280.1%
NRG Energy Inc5.250% 06/15/20290.1%
Peraton Corp0.000% 02/22/20280.1%
Arena Luxembourg Finance Sarl1.875% 02/01/20280.1%
CANPACK SA / Eastern PA Land Investment Holding LL2.375% 11/01/20270.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.875% 03/01/20310.1%
Nationstar Mortgage Holdings Inc5.125% 12/15/20300.1%
Travel + Leisure Co6.000% 04/01/20270.1%
Gibson Brands, Inc0.000% -0.1%
Antero Resources Corp8.375% 07/15/20260.1%
Stericycle Inc3.875% 01/15/20290.1%
IRB Holding Corp7.000% 06/15/20250.1%
Picasso Finance Sub Inc6.125% 06/15/20250.1%
US Acute Care Solutions LLC6.375% 03/01/20260.1%
Toll Brothers Finance Corp4.875% 03/15/20270.1%
Maxeda DIY Holding BV5.875% 10/01/20260.1%
Goldstory SASU5.375% 03/01/20260.1%
Millicom International Cellular S.A.6.250% 03/25/20290.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.625% 03/01/20290.1%
Credit Index Swap5.000% 12/20/20250.1%
Avolon Holdings Funding Ltd5.500% 01/15/20260.1%
Kennedy-Wilson Inc5.000% 03/01/20310.1%
Kennedy-Wilson Inc4.750% 03/01/20290.1%
Williams Scotsman International Inc4.625% 08/15/20280.1%
Transportes Aereos Portugueses SA5.625% 12/02/20240.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di7.250% 02/01/20280.1%
MercadoLibre Inc2.375% 01/14/20260.1%
Carnival Corp7.625% 03/01/20260.1%
Rayonier AM Products Inc7.625% 01/15/20260.1%
Sofima Holding SPA3.750% 01/15/20280.1%
Cablevision Lightpath LLC5.625% 09/15/20280.1%
Triumph Group Inc5.250% 06/01/20220.1%
House of HR7.500% 01/15/20270.1%
Targa Resources Partners LP / Targa Resources Part4.000% 01/15/20320.1%
Netflix Inc3.875% 11/15/20290.1%
TTM Technologies Inc4.000% 03/01/20290.1%
Central Garden & Pet Co5.125% 02/01/20280.1%
Brundage-Bone Concrete Pumping Holdings Inc6.000% 02/01/20260.1%
MercadoLibre Inc3.125% 01/14/20310.1%
Monarch Casino & Resort Inc0.000% -0.1%
ServiceNow Inc0.000% -0.1%
Elwood Energy LLC8.159% 07/05/20260.1%
Viking Cruises Ltd13.000% 05/15/20250.1%
Occidental Petroleum Corp6.625% 09/01/20300.1%
Carvana Co5.875% 10/01/20280.1%
Credit Index Swap1.000% 12/20/20250.1%
Hunt Cos Inc6.250% 02/15/20260.1%
HCA Inc7.690% 06/15/20250.1%
elf Beauty Inc0.000% -0.1%
Occidental Petroleum Corp4.400% 08/15/20490.1%
IPD 3 BV5.500% 12/01/20250.1%
ChampionX Corp6.375% 05/01/20260.1%
IPD 3 BV5.500% 12/01/20250.1%
Avolon Holdings Funding Ltd4.250% 04/15/20260.1%
Stonegate Pub Co Financing 2019 PLC8.000% 07/13/20250.1%
Claire's Stores, Inc.6.881% 12/18/20260.0%
Great Wolf Trust 2019-WOLF3.243% 12/15/20360.0%
J.P. Morgan Chase Commercial Mortgage Securities T4.009% 10/05/20310.0%
Occidental Petroleum Corp7.500% 05/01/20310.0%
Sonic Automotive Inc6.125% 03/15/20270.0%
EPR Properties3.750% 08/15/20290.0%
Frontier Communications Corp6.750% 05/01/20290.0%
House of HR7.500% 01/15/20270.0%
Peraton Corp4.750% 02/22/20280.0%
Centene Corp3.000% 10/15/20300.0%
Foundation Building Materials Inc6.000% 03/01/20290.0%
Doncasters US Finance LLC (Doncasters US LLC)8.500% 03/31/20240.0%
RP Escrow Issuer LLC5.250% 12/15/20250.0%
Party City Holdings Inc8.750% 02/15/20260.0%
Doncasters US Finance LLC (Doncasters US LLC)0.500% 03/31/20250.0%
Commercial Barge Line0.000% -0.0%
Precision Drilling Corp7.750% 12/15/20230.0%
ServiceNow Inc0.000% 06/01/20220.0%
Avis Budget Car Rental LLC / Avis Budget Finance,5.250% 03/15/20250.0%
Nordstrom Inc4.000% 03/15/20270.0%
Occidental Petroleum Corp4.100% 02/15/20470.0%
Amern Trailer World Corp0.000% 02/17/20280.0%
PetVet Care Centers, LLC4.250% 02/14/20250.0%
Goldstory SASU5.375% 03/01/20260.0%
Rent-A-Center Inc0.000% 02/04/20280.0%
Transportes Aereos Portugueses SA5.625% 12/02/20240.0%
Montreign Resort Casino3.368% 03/23/20210.0%
SM Energy Co6.625% 01/15/20270.0%
Commercial Barge Line0.000% -0.0%
Transocean Sentry Ltd5.375% 05/15/20230.0%
Hertz Corp/The0.000% 10/15/20220.0%
Frontera Generation Hold5.250% 05/02/20250.0%
SM Energy Co5.625% 06/01/20250.0%
UTEX Industries0.000% -0.0%
PetVet Care Centers, LLC3.685% 02/14/20250.0%
Leslie's Inc0.000% -0.0%
Macy's Retail Holdings LLC4.500% 12/15/20340.0%
Claire's Stores, Inc.0.000% -0.0%
J Crew Group Inc.11.000% 09/10/20270.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
Frontera Generation Hold14.000% 11/05/20210.0%
UC Holdings0.000% -0.0%
Britax Childcare0.000% 01/09/20250.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Ovintiv Inc8.125% 09/15/20300.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Mohegan Gaming & Entertainment7.875% 10/15/20240.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Precision Drilling Corp5.250% 11/15/20240.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
J Crew Group Inc.0.000% -0.0%
UTEX Industries8.500% 11/01/20240.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Commercial Barge Line0.000% -0.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
UTEX Industries11.000% 11/01/20240.0%
FGI Operating Company, LLC5.929% 05/15/20220.0%
TNT Crane and Rigging0.000% -0.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
J Crew Group Inc.0.000% -0.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Revlon, Inc. Class A0.000% -0.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Sable Permian Resources Finance LLC12.000% 10/01/20240.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
TNT Crane and Rigging0.000% -0.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
FX EUR/USD 03/210.000% 03/04/20210.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
Penson Technologies LLC0.000% -0.0%
Commercial Mortgage Backed Index Swap0.000% 11/17/20590.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
FX EUR/USD 03/210.000% 03/04/20210.0%
FX USD/CAD 04/210.000% 04/20/20210.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
US LONG BOND(CBT) JUN210.000% 06/30/20210.0%
US ULTRA BOND CBT JUN210.000% 06/30/20210.0%
Washington Mutual Bank / Debt not acquired by JPMo6.875% 06/15/20110.0%
FX USD/CAD 04/210.000% 04/20/20210.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
Mirabela Nickel Ltd.1.000% 09/16/20440.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
Tonon Luxembourg S.A.6.500% 10/31/20240.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
Remington Outdoor Co. Inc.0.000% -0.0%
Remington Outdoor Co. Inc.0.000% -0.0%
Britax Childcare0.000% -0.0%
Dutch Lion BV11.250% 06/15/20230.0%
Afren plc10.250% 04/08/20220.0%
Afren plc11.500% 02/01/20220.0%
Afren plc6.625% 12/09/20210.0%
EURO-BOBL FUT JUN210.000% 06/10/20210.0%
EURO-BUND FUTURE JUN210.000% 06/10/20210.0%
General Motors Co7.200% 01/15/20490.0%
US 10YR ULTRA FUT JUN210.000% 06/30/20210.0%
US 5YR NOTE (CBT) JUN210.000% 07/06/20210.0%
FX EUR/USD 03/210.000% 03/04/20210.0%
FX USD/EUR 03/210.000% 03/04/20210.0%
FX EUR/USD 03/210.000% 03/04/20210.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
US 2YR NOTE (CBT) JUN210.000% 07/06/20210.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
Commercial Mortgage Backed Index Swap0.000% 09/17/20580.0%
FX EUR/USD 03/210.000% 03/04/20210.0%
FX EUR/USD 03/210.000% 03/04/20210.0%
FX USD/GBP 03/210.000% 03/08/20210.0%
FX USD/GBP 03/210.000% 03/08/20210.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Sector Allocationas of 03/31/2021

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Retail -
Financial Services -
Consumer Goods -
Banking -
Technology & Electronics -
Utility -
Insurance -
Healthcare -
Real Estate -
Capital Goods -
Telecommunications -
Basic Industry -
Leisure -
Other -
Transportation -
Automotive -
Energy -
Services -
Media -

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 04/22/2021
$0.087
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 03/31/2021 $0.02922 $7.46
Daily Daily 02/28/2021 $0.02943 $7.50
Daily Daily 01/31/2021 $0.02910 $7.44

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 04/30/2021
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/18/2014 12/19/2014 $0.0899 $0.0792 $0.1691 $7.44
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 04/22/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $7.66
$100,000 to $249,999 1.75% 1.50% $7.62
$250,000 to $499,999 1.25% 1.00% $7.58
$500,000 to $999,999 0.00% 1.00% $7.49
$1,000,000 to $5,000,000 0.00% 1.00% $7.49

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

Expense Ratioas of 03/31/2021

Fund Documents

Fund Documents

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*Barron’s Overall Fund Family of 2020,” #7 overall ranking among 53 qualifying fund families based on the net total return of the one-year period ending 12/31/2020. Five-year overall ranking is #4 out of 50 qualifying fund families; and 10-year overall ranking is #21 out of 44 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2020,” February 20, 2021. Barron’s rankings are based on asset weighted returns in funds in five categories: general equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2020, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well.

Barron's Fund Family Rankings are awarded annually.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2021. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

+

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The ICE BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

Source: ICE Data Indices, LLC. 

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

Select funds to run a Morningstar Hypothetical Report.

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